President Joe Biden on Friday addressed his administration’s response to an ongoing U.S. baby-formula shortage, with his remarks coming as he responded to reporters’ questions after his speech on policing. “There’s nothing more urgent we’re working on than that right now, and I think we’re going to be making some significant progress very shortly,” Biden said. He noted his administration has taken steps such as the release of guidance for the WIC program that addresses packaging issues and allows for more flexibility, as well as an effort to facilitate imports of formulas from abroad and the launch of a website that aims to help parents obtain formula.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
